## **Trustees' Annual Report for the period** Period start date Period end date Day Month Year Day Month Year A **From** 31 October 2020 **To** 30 October 2021 Section A Reference and administration details **Charity name** The Ashla Charitable Trust **Other names charity is known by Registered charity number (if any)** 1140840 ~~———~~ **Charity's principal address** Trustee Department 1[st] Floor, Tower Wharf Cheese Lane, Bristol **Postcode** BS2 0JJ ~~———~~ **Names of the charity trustees who manage the charity Dates acted if not for whole Name of person (or body) entitled Trustee name Office (if any) year to appoint trustee (if any)** 1 Mr R T Turner 2 Mrs M R M Turner 3 Ms R Turner 4 Coutts & Co To 14 February 2022 From 14 February 2022 5[Ludlow Trust ] Company Limited 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Section A Reference and administration details **Names of the trustees for the charity, if any, (for example, any custodian trustees)** |~~——=—————~~|**Name**
~~——=—————~~|**Dates acted if not for whole year**
~~——=—————~~| |---|---|---| ||~~——=—————~~|~~——=—————~~| ||~~——=—————~~|~~——=—————~~| **TAR** March **2012** 1 ## **Names and addresses of advisers (Optional information)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of adviser**
**Name**
**Address**||| |**Investment Managers**|Coutts & Co|440 The Strand, London, WC2R 0QS| |**Bankers**|Coutts & Co|440 The Strand, London, WC2R 0QS| |**Solicitors**|TLT LLP|One Redcliffe Street, Bristol, BS1 6TP| |**Independent Examiner**|Geoffrey Frost|Blue Spire Limited, Cawley Priory, South Pallant,
Chichester, West Sussex, PO19 1SY| **Name of chief executive or names of senior staff members (Optional information)** ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** Trust deed dated 9 March 2011 Type of governing document - (eg. trust deed, constitution) How the charity is constituted Trust - (eg. trust, association, company) Trustees are appointed by the settlors during their lifetime and then by a Trustee selection methods survivor of them or subject to this appointment is by the trustees. (eg. appointed by, elected by) ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. ## **Section C Objectives and activities** The objects of the Trust are to further such objects or purposes which are exclusively charitable according to the law of England and Wales in any **Summary of the objects of the** part of the world and in such manner as the Trustees may in their **charity set out in its** absolute discretion think fit. **governing document** **TAR** March **2012** 2 In furtherance of the charity’s objects for the public benefit the trustees provides grants. In determining the charity’s activities the trustees have had regard to the Charity Commission’s guidance on public benefit. **Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)** **Additional details of objectives and activities (Optional information)** You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. **TAR** March **2012** 3 ## Section D Achievements and performance **Summary of the main** During the year under review the charity made 5 grant payments totalling **achievements of the charity** £41,000 as set out in the notes. **during the year** **TAR** March **2012** 4 **Section E Financial review** At the end of the reporting period the charity had free reserves amounting **Brief statement of the** to £24,943 (2020: £7,620). **charity’s policy on reserves** In addition to the free reserves the charity has bank balances of £153,322 (2020: £222,654) within the expendable endowment fund and investment assets of £2,102,542. The Trustees pursue a policy of maintaining a free reserve available to be spent in the furtherance of the charity’s objectives, as well as covering future needs, opportunities, contingencies and risks. **Details of any funds materially in deficit** ~~_———~~ **Further financial review details (Optional information)** You **may choose** to include additional information, where relevant about: • the charity’s principal sources of funds (including any fundraising); • how expenditure has supported the key objectives of the charity; • investment policy and objectives including any ethical investment policy adopted. **Section F Other optional information** ~~_~~ **Section G Declaration The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** **Full name(s)**[Yana Davies ] On behalf of Ludlow Trust Company Limited **Position (eg Secretary, Chair, etc)** **Date** 28 July 2022 **TAR** March **2012** 5 |**Charity Name**||||||**No (if any)**|**No (if any)**||| |---|---|---|---|---|---|---|---|---|---| |**The Ashla Charitable Trust**||||||**1140840**|||| |**Receipts andpayments accounts**|||||||||**CC16a**| |**For the period**
**from**
~~ee~~||Period start date
31 October 2020
~~ee ~~|||**To**
~~ee~~||Period end date
30 October 2021
~~ee~~||| |**Section A Receipts and payments**|||||||||| |**Unrestricted**
**funds**||**Restricted funds**|||**Endowment**
**funds**||**Total funds**||**Last year**| |**to the nearest £**||**to the nearest £**|||**to the nearest £**||**to the nearest £**||**to the nearest £**| |**A1 Receipts**|||||||||| |Addition to trust
**-**||**-**|**-**||**1,377**||**1,377**||**-**| |Gift aid received
**-**||**-**|**-**||**-**||**-**||**-**| |Income from investments
**29,268**||**-**|**-**||**-**||**29,268**||**23,652**| |Income from bank interest
**46**||**-**|**-**||**-**||**46**||**678**| |**-**||**-**|**-**||**-**||**-**||**-**| |**-**||**-**|**-**||**-**||**-**||**-**| |**-**||**-**|**-**||**-**||**-**||**-**| |**-**||**-**|**-**||**-**||**-**||**-**| |**_Sub total_**_(Gross income for_
_AR)_|**29,314**||**-**||**1,377**||**30,691**||**24,330**| |---|---|---|---|---|---|---|---|---|---| |**A2 Asset and investment sales,**
**(see table).**
Sale of investments
**-**
**-**
**1,859,637**
**1,859,637**
**602,277**
**-**
**-**
**-**
**-**
**-**
**_Sub total_ -**
**-**
**1,859,637**
**1,859,637**
**602,277**
**_Total receipts_ 29,314**
**-**
**1,861,014**
**1,890,328**
**626,607**
~~———_——~~|||||||||| |**A3 Payments**|||||||||| |Grants awarded|**41,000**||**-**||**-**||**41,000**||**40,000**| |Inv mgmt and admin|**-**||**-**||**23,035**||**23,035**||**23,325**| |Independent examiner|**780**||**-**||**-**||**780**||**740**| |Legal fees|**300**||**-**||**-**||**300**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| |**_Sub total_ 42,080**
**-**
**23,035**
**65,115**
**64,065**| |---| |**A4 Asset and investment**
**purchases, (see table)**
Investmentpurchases
**-**
**-**
**1,877,222**
**1,877,222**
**597,253**
**-**
**-**
**-**
**-**
**_Sub total_ -**
**-**
**1,877,222**
**1,877,222**
**597,253**
**_Total payments_ 42,080**
**-**
**1,900,257**
**1,942,337**
**661,318**
**_Net of receipts/(payments)_**
**(12,766)**
**-**
**(39,243)**
**(52,009)**
**(34,711)**
**A5 Transfers between funds**
**30,089**
**-**
**(30,089)**
**-**
**-**
**A6 Cash funds last year end**
**7,620**
**-**
**222,654**
**230,274**
**264,985**
**_Cash funds this year end_ 24,943**
**-**
**153,322**
**178,265**
**230,274**
~~—————~~
~~eaSaa=~~| CCXX R6 accounts (SS) 6 ## **Section B Statement of assets and liabilities at the end of the period** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Unrestricted|Restricted|Endowment| |Categories|Details|funds|funds|funds| |to nearest £|to nearest £|to nearest £| |B1 Cash funds|Capital account|-|-|12,600| |Income account| |24,431|-|-| |Reserve account| |-|-|140,722| |Capital account 2|-|-|-| |Income account 2| |512|-|-| |Reserve account 2| |-|-|-| |Total cash funds|24,943|-|153,322| |—===| |(agree balances with receipts and payments| |account(s))|OK|OK|OK| |Unrestricted|Restricted|Endowment| |funds|funds|funds| |Details|to nearest £|to nearest £|to nearest £| |B2 Other monetary assets|-|-|-| |-|-|-| |-|-|-| |-|-|-| |-|-|-| |-|-|-| |—==—| |Fund to which|Current value| |Details|asset belongs|Cost (optional)|(optional)| |B3 Investment assets|Investments|Endowment|-|2,102,542| |-|-| |-|-| |-|-| |-|-| |===| |Fund to which|Current value| |Details|asset belongs|Cost (optional)|(optional)| |B4 Assets retained for the|-|-| |charity’s own use|-|-| |-|-| |-|-| |-|-| |-|-| |-|-| |===| |Fund to which|Amount due|When due| |Details|liability relates|(optional)|(optional)| |B5 Liabilities|Inv mgmt and admin|Endowment|2,193| |Independent examiner|Unrestricted|780| |-| |-| |-| |Signed by one or two trustees on|Date of| |behalf of all the trustees|Signature|Print Name|approval| |Yana Davies|28 July 2022| |On behaf of Ludlow Trust Company| |Limited| |es| |7| **----- End of picture text -----**
CCXX R7 accounts (SS) ## **Section C Notes to the Accounts** |**Section C Notes to the**|**Accounts**|**Accounts**| |---|---|---| |**C2 Grants to institutions**
**C3 Related party transactions**
**C1 Nature and purpose of funds**_(may be_
_stated on analysis of funds worksheets)_|Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general
objectives of the charityand which have not been designated for otherpurposes.
Expendable endowment funds are those which are required to be invested to produce income but which may be
transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance
of the charity's objectives.|| ||**Recipient - 1 payment unless annotated**
Able Child Africa
Bath Festivals
Hackney Playbus
Hope and Homes for Children
The Lullaby Trust|**£**
10,000
10,000
1,000
10,000
10,000| |||41,000| |||| ||No trustee received any remuneration nor reimbiursed any expenses in the year under review.
During the year under review Coutts & Co, a trustee of the charity, were paid fees for the provision of administration
and investment management services amounting to £23,035 as authorised under clause 6 of the trust deed.|| CCXX R8 accounts (SS) 8 ## **Independent Examiner's Report to the Trustees of The Ashla Charitable Trust** I report to the charity trustees on my examination of the accounts of the charity for the period ended 30 October 2021 as set out on pages 6 to 8. ## **Responsibilities and basis of report** As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 28 July 2022 Geoffrey Frost BSc(Hons) FCA Date Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY 9